Reported Earnings • May 26
Full year 2026 earnings released: EPS: ₹15.34 (vs ₹7.98 in FY 2025) Full year 2026 results: EPS: ₹15.34 (up from ₹7.98 in FY 2025). Revenue: ₹3.75b (up 71% from FY 2025). Net income: ₹469.3m (up 92% from FY 2025). Profit margin: 13% (up from 11% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. New Risk • Apr 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹779, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 28x in the Auto Components industry in India. Total returns to shareholders of 20% over the past three years. New Risk • Feb 19
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹3.85 (vs ₹1.71 in 3Q 2025) Third quarter 2026 results: EPS: ₹3.85 (up from ₹1.71 in 3Q 2025). Revenue: ₹962.7m (up 83% from 3Q 2025). Net income: ₹117.7m (up 125% from 3Q 2025). Profit margin: 12% (up from 10.0% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹746, the stock trades at a trailing P/E ratio of 75.2x. Average forward P/E is 30x in the Auto Components industry in India. Total returns to shareholders of 59% over the past year. Announcement • Feb 09
Divgi TorqTransfer Systems Limited to Report Q3, 2026 Results on Feb 12, 2026 Divgi TorqTransfer Systems Limited announced that they will report Q3, 2026 results on Feb 12, 2026 New Risk • Jan 11
New major risk - Revenue and earnings growth Earnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Price Target Changed • Nov 19
Price target increased by 33% to ₹763 Up from ₹573, the current price target is provided by 1 analyst. New target price is 22% above last closing price of ₹623. Stock is down 2.9% over the past year. The company is forecast to post earnings per share of ₹14.30 for next year compared to ₹7.98 last year. Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹3.51 (vs ₹2.56 in 2Q 2025) Second quarter 2026 results: EPS: ₹3.51 (up from ₹2.56 in 2Q 2025). Revenue: ₹883.4m (up 64% from 2Q 2025). Net income: ₹107.5m (up 37% from 2Q 2025). Profit margin: 12% (down from 14% in 2Q 2025). The decrease in margin was driven by higher expenses. Announcement • Nov 07
Divgi TorqTransfer Systems Limited to Report Q2, 2026 Results on Nov 12, 2025 Divgi TorqTransfer Systems Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Announcement • Sep 17
Divgi Torqtransfer Systems Limited Approves Final Dividend for the Year Ended March 31, 2025 Divgi TorqTransfer Systems Limited at its AGM, held on September 16, 2025, approved to declare Final Dividend of INR 2.60 (Rupees Two and Sixty Paise only) per equity share of face value INR 5 each, of the Company for the Financial Year ended March 31, 2025. Upcoming Dividend • Sep 01
Upcoming dividend of ₹2.60 per share Eligible shareholders must have bought the stock before 08 September 2025. Payment date: 16 October 2025. Payout ratio is a comfortable 33% and the cash payout ratio is 91%. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.7%). Price Target Changed • Aug 11
Price target increased by 21% to ₹577 Up from ₹476, the current price target is an average from 2 analysts. New target price is 11% below last closing price of ₹645. Stock is down 2.8% over the past year. The company is forecast to post earnings per share of ₹12.40 for next year compared to ₹7.98 last year. Announcement • Aug 08
Divgi TorqTransfer Systems Limited, Annual General Meeting, Sep 16, 2025 Divgi TorqTransfer Systems Limited, Annual General Meeting, Sep 16, 2025. Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: ₹2.92 (vs ₹1.95 in 1Q 2025) First quarter 2026 results: EPS: ₹2.92 (up from ₹1.95 in 1Q 2025). Revenue: ₹767.7m (up 42% from 1Q 2025). Net income: ₹89.3m (up 50% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Auto Components industry in India. Announcement • Aug 02
Divgi TorqTransfer Systems Limited to Report Q1, 2026 Results on Aug 07, 2025 Divgi TorqTransfer Systems Limited announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹7.98 (vs ₹12.99 in FY 2024) Full year 2025 results: EPS: ₹7.98 (down from ₹12.99 in FY 2024). Revenue: ₹2.40b (down 5.2% from FY 2024). Net income: ₹243.9m (down 39% from FY 2024). Profit margin: 10% (down from 16% in FY 2024). Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Auto Components industry in India. Announcement • May 23
Divgi TorqTransfer Systems Limited to Report Q4, 2025 Results on May 30, 2025 Divgi TorqTransfer Systems Limited announced that they will report Q4, 2025 results on May 30, 2025 Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹518, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 25x in the Auto Components industry in India. Total loss to shareholders of 36% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₹290 per share. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Chairman Praveen Kadle was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Feb 18
Price target decreased by 30% to ₹476 Down from ₹677, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₹469. Stock is down 46% over the past year. The company is forecast to post earnings per share of ₹9.45 for next year compared to ₹12.99 last year. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹1.71 (vs ₹3.06 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.71 (down from ₹3.06 in 3Q 2024). Revenue: ₹574.6m (down 8.9% from 3Q 2024). Net income: ₹52.4m (down 44% from 3Q 2024). Profit margin: 9.1% (down from 15% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Announcement • Feb 07
Divgi TorqTransfer Systems Limited to Report Q3, 2025 Results on Feb 14, 2025 Divgi TorqTransfer Systems Limited announced that they will report Q3, 2025 results at 12:08 PM, Indian Standard Time on Feb 14, 2025 Announcement • Dec 10
Divgi TorqTransfer Systems Limited Announces Demise of Rupam Parwate, Head of Operational Excellence and Management Systems Divgi TorqTransfer Systems Limited announced the sad and untimely demise of Mr. Rupam Parwate, who was serving as the Head: Operational Excellence and Management Systems and was also appointed as a Senior Management Personnel of the Company, effective from November 20, 2023. Mr. Parwate passed away on December 9, 2024. The Company will take the necessary steps to ensure continuity of the responsibilities previously handled by Mr. Parwate, and appropriate communication regarding the appointment of a new person in this role will be made in due course. Price Target Changed • Nov 19
Price target decreased by 9.7% to ₹657 Down from ₹727, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₹642. Stock is down 43% over the past year. The company is forecast to post earnings per share of ₹11.30 for next year compared to ₹12.99 last year. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹2.56 (vs ₹3.51 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.56 (down from ₹3.51 in 2Q 2024). Revenue: ₹592.1m (down 14% from 2Q 2024). Net income: ₹78.4m (down 27% from 2Q 2024). Profit margin: 13% (down from 16% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Announcement • Nov 09
Divgi TorqTransfer Systems Limited to Report Q2, 2025 Results on Nov 14, 2024 Divgi TorqTransfer Systems Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Sep 05
Divgi TorqTransfer Systems Limited Announces Change in Management Divgi TorqTransfer Systems Limited announced that Mr. Rakesh Sharma, Head- Manufacturing Engineering (ME) & Growth & Launch Management has resigned from the said position on June 26, 2024. He would be relieved of his duties with effect from Tuesday, October 01, 2024. Pursuant to the above change, Mr. Nilesh Shukla, an existing Senior Management Personnel (SMP) heading Advanced Manufacturing Technology is re-designated as Head- Manufacturing Engineering and will head and steer the overall ME Group and focus on process development and monitoring process and productivity improvement initiatives, cost estimations and new equipment procurement. Mr. Shukla has completed a long stint at Mahindra where his career started in transmission engineering and progressed to a General Management, leadership role in Product Development. He brings in three decades of enriching experience from Mahindra, American Axles (AAM), Mahindra CIE Automotive, and Bharat Forge, wherein he contributed for strategic growth. He also brings in rich know- how on product-manufacturing leadership competencies which will significantly contribute towards realizing long-term vision. Resignation due to professional interests. Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: ₹1.95 (vs ₹3.41 in 1Q 2024) First quarter 2025 results: EPS: ₹1.95 (down from ₹3.41 in 1Q 2024). Revenue: ₹593.8m (up 5.0% from 1Q 2024). Net income: ₹59.6m (down 43% from 1Q 2024). Profit margin: 10.0% (down from 18% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Auto Components industry in India. Announcement • Aug 02
Divgi TorqTransfer Systems Limited to Report Q1, 2025 Results on Aug 09, 2024 Divgi TorqTransfer Systems Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Announcement • Jul 31
Divgi TorqTransfer Systems Limited Approves Final Dividend for the Year Ended March 31, 2024 Divgi TorqTransfer Systems Limited at its AGM held on July 29, 2024 approved to declare Final Dividend of INR 2.60 per equity share of face value INR 5 each, of the Company for the Financial Year ended March 31, 2024. Upcoming Dividend • Jul 15
Upcoming dividend of ₹2.60 per share Eligible shareholders must have bought the stock before 22 July 2024. Payment date: 28 August 2024. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.1%). In line with average of industry peers (0.5%). Reported Earnings • Jul 08
Full year 2024 earnings released: EPS: ₹12.99 (vs ₹18.46 in FY 2023) Full year 2024 results: EPS: ₹12.99 (down from ₹18.46 in FY 2023). Revenue: ₹2.53b (down 6.5% from FY 2023). Net income: ₹397.4m (down 22% from FY 2023). Profit margin: 16% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Auto Components industry in India. Declared Dividend • Jun 27
Dividend reduced to ₹2.60 Dividend of ₹2.60 is 22% lower than last year. Ex-date: 19th July 2024 Payment date: 28th August 2024 Dividend yield will be 0.4%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (20% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 60% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 26
Divgi TorqTransfer Systems Limited, Annual General Meeting, Jul 29, 2024 Divgi TorqTransfer Systems Limited, Annual General Meeting, Jul 29, 2024. Reported Earnings • May 25
Full year 2024 earnings released: EPS: ₹12.99 (vs ₹18.46 in FY 2023) Full year 2024 results: EPS: ₹12.99 (down from ₹18.46 in FY 2023). Revenue: ₹2.73b (flat on FY 2023). Net income: ₹397.4m (down 22% from FY 2023). Profit margin: 15% (down from 19% in FY 2023). Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Auto Components industry in India. Announcement • May 25
Divgi TorqTransfer Systems Limited Recommends Final Dividend for the Year Ended March 31, 2024 Divgi TorqTransfer Systems Limited at its board meeting held on May 24, 2024, approved recommendation of final dividend at INR 2.60 per equity share of INR 5.00 each, for the year ended March 31, 2024, subject to approval by Members at the upcoming Annual General Meeting. The dividend, if approved, shall be paid/dispatched to the shareholders within 30 days of its approval by the shareholders, at the upcoming Annual General Meeting. Announcement • May 17
Divgi TorqTransfer Systems Limited to Report Q4, 2024 Results on May 24, 2024 Divgi TorqTransfer Systems Limited announced that they will report Q4, 2024 results on May 24, 2024 Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: ₹3.06 (vs ₹4.57 in 3Q 2023) Third quarter 2024 results: EPS: ₹3.06 (down from ₹4.57 in 3Q 2023). Revenue: ₹676.8m (down 1.4% from 3Q 2023). Net income: ₹93.7m (down 27% from 3Q 2023). Profit margin: 14% (down from 19% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Announcement • Jan 25
Divgi TorqTransfer Systems Limited to Report Nine Months, 2024 Results on Feb 02, 2024 Divgi TorqTransfer Systems Limited announced that they will report nine months, 2024 results on Feb 02, 2024 Announcement • Nov 20
Divgi TorqTransfer Systems Limited Appoints Rupam Parwate as Head-Operational Excellence and Management Systems Divgi TorqTransfer Systems Limited has appointed Mr. Rupam Parwate as Head-Operational Excellence and Management Systems. Mr. Rupam Parwate will be reporting to the Managing Director of the Company and shall be classified as Senior Management Personnel of the Company with effect from November 20, 2023. Rupam is a graduate Mechanical Engineer from Government College of Engineering, Karad and has 14 years of work experience in the automotive industry. He is a certified Six Sigma Black Belt from American Society for Quality (ASQ). He is also a certified internal auditor for IATF 16949 & ISO 14001:2018. Rupam started his career with Tata Motors Limited in the year 2011 as an Associate Engineer in Supplier Quality Improvement Group (SQIG). He then joined Divgi-TTS in August 2012 as STA Engineer in the Purchase Group. He took the opportunity to move into the Management Systems Group within the organization to pursue his interests in working on Quality and Production Systems. He led this function as Head of Management Systems for 2 years before deciding to separate from the Company in the year 2018 for his professional interests. Rupam has rejoined Divgi-TTS from Faurecia India Pvt Ltd. where he worked as a Six Sigma team leader (India region) along with driving program quality & QMS team. At Faurecia, he gained experience in training & mentoring six sigma teams and driving continuous improvement projects to achieve cost savings and process improvements. Rupam brings rich know-how & fruitful experience in the areas of quality systems, process and systems improvement and program quality etc. which will significantly contribute towards realizing long-term vision. Announcement • Oct 27
Divgi TorqTransfer Systems Limited to Report Q2, 2024 Results on Nov 01, 2023 Divgi TorqTransfer Systems Limited announced that they will report Q2, 2024 results on Nov 01, 2023 Announcement • Oct 11
Divgi Torqtransfer Systems Limited Announces Resignation of Balu Patil as Group Operations Head Divgi TorqTransfer Systems Limited announced that Mr. Balu Patil, Group Operations Head, has resigned from the said position on August 21, 2023. He would be relieved of his duties with effect from November 30, 2023. Reason for change: Resignation due to professional interests. Announcement • Oct 10
Divgi Torqtransfer Systems Limited Appoints Dipak Vani as Chief Operating Officer, Effective November 01, 2023 Divgi TorqTransfer Systems Limited has appointed Mr. Dipak Vani as Chief Operating Officer. Mr. Dipak Vani, in his earlier role as Head - Purchase & Global Supply Management was classified as a Senior Management Personnel and shall continue to be so in his new role from November 01, 2023. Mr. Dipak Vani has been associated with the Company since July 01, 2006. He holds Bachelor’s Degree in Production Engineering from Shivaji University, Kolhapur. He has completed his Master of Science (MS) in Manufacturing Management from Birla Institute of Technology and Science, Pilani in the year 2012 and has participated in the Advanced Management Development Program at Tata Management Training Center (TMTC), Pune in the year 2015. He has over 15 years of experience in production, quality, quality systems, supply chain management, purchase, global supply management and strategic sourcing in the Company. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹923, the stock trades at a trailing P/E ratio of 57.4x. Average trailing P/E is 28x in the Auto Components industry in India. Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: ₹3.41 (vs ₹4.22 in 1Q 2023) First quarter 2024 results: EPS: ₹3.41 (down from ₹4.22 in 1Q 2023). Revenue: ₹616.1m (up 5.7% from 1Q 2023). Net income: ₹104.3m (down 10% from 1Q 2023). Profit margin: 17% (down from 20% in 1Q 2023). The decrease in margin was driven by higher expenses. Announcement • Aug 04
Divgi TorqTransfer Systems Limited to Report Q1, 2024 Results on Aug 09, 2023 Divgi TorqTransfer Systems Limited announced that they will report Q1, 2024 results on Aug 09, 2023 Announcement • Aug 03
Divgi Torqtransfer Systems Limited Declares Final Dividend for the Financial Year Ended March 31, 2023 Divgi TorqTransfer Systems Limited declared Final Dividend of INR 3.35 (Rupees Three and Thirty-Five Paise only) per equity share of face value INR 5 each, of the Company for the Financial Year ended March 31, 2023. Reported Earnings • Jul 12
Full year 2023 earnings released: EPS: ₹18.46 (vs ₹16.76 in FY 2022) Full year 2023 results: EPS: ₹18.46 (up from ₹16.76 in FY 2022). Revenue: ₹2.71b (up 16% from FY 2022). Net income: ₹511.6m (up 11% from FY 2022). Profit margin: 19% (in line with FY 2022). Announcement • Jun 30
Divgi Torqtransfer Systems Limited Announces Executive Changes Divgi TorqTransfer Systems Limited announced the resignation of Mr. Satish Chandrashekhar Kadrolli from the post of Company Secretary and Compliance Officer of the Company. Mr. Satish Chandrashekhar Kadrolli ceases to be Company Secretary & Compliance Officer of the Company effective from closing of working hours of June 30, 2023. The company also announced appointment of Sanika Surendra Nirgude, as Company Secretary and Compliance Officer of the company. Effective from July 1, 2023. Ms. Sanika Nirgude, is an Associate Member of Institute of Company Secretaries of India (M No. A71466) and holds bachelor's degree in commerce from Pune University who possesses sufficient knowledge of Corporate Laws, SEBI-related compliances and Corporate Governance Previously, she has worked as the Asst. Company Secretary of the Company and played an active role in IPO of Divgi-TTS and is associated with the Company since October 2021. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹938, the stock trades at a trailing P/E ratio of 56.1x. Average trailing P/E is 26x in the Auto Components industry in India. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹831, the stock trades at a trailing P/E ratio of 49.6x. Average trailing P/E is 23x in the Auto Components industry in India. Reported Earnings • May 21
Full year 2023 earnings released: EPS: ₹18.45 (vs ₹16.76 in FY 2022) Full year 2023 results: EPS: ₹18.45 (up from ₹16.76 in FY 2022). Revenue: ₹2.79b (up 19% from FY 2022). Net income: ₹511.6m (up 11% from FY 2022). Profit margin: 18% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses. 
